Bitcoin hits $105K today, $PI Coin explodes over 35%
- Bitcoin hits $104.900 with 2% gain
- Ether surges 7,7% driven by DeFi interest
- Geopolitical developments renew optimism in the crypto market
The cryptocurrency market posted impressive gains over the weekend, driven by positive geopolitical developments that renewed investor optimism. Bitcoin (BTC) reached $104.980, up 1,5% in the past 24 hours, while Ether (ETH) rose 7,7% in the same period.
Three main events contributed to this movement. First, authorities announced a new phase of trade negotiations between major economic powers, with statements highlighting advances and restructurings considered constructive and beneficial to both parties.
In parallel, an immediate ceasefire was announced in an armed conflict between two Asian countries, a measure that despite some reports of violations, was welcomed as an important step forward for regional stability.
Finally, leaders of an Eastern European power have declared their willingness to resume peace negotiations with their neighboring country, proposing meetings soon and without preconditions. The initiative came after pressure from Western countries, which are demanding concrete measures to reduce tensions and threatening new sanctions if there is no cooperation.
These geopolitical developments have contributed to an increased appetite for risk assets, benefiting the cryptocurrency market. Ether’s outperformance over Bitcoin also indicates a growing interest in smart contract platforms and decentralized finance.
PI Coin Soars 35%, Nears $1 on Listing Rumors
PI Coin has shown a strong upward movement in the last few hours, with an appreciation of over 34%, trading close to US$ 0,98. Until recently, the cryptocurrency was operating around US$ 0,73, consolidating for several weeks in a sideways zone.
On the PI/USDT pair chart, the digital currency is testing an important technical resistance precisely in the range of US$ 0,73 — a level that had consolidated as a barrier in recent sessions. Overcoming this point suggests an attempt to reverse the trend, with the possibility of a more significant breakout if buying pressure persists.
Despite the strong appreciation, there is still no official justification for the movement. However, rumors are circulating that large investors — or “whales” — are accumulating the asset in anticipation of a possible listing of PI Coin on Binance. Speculation indicates that an important announcement could take place on the 14th, which has increased market enthusiasm.
The expectation of listing on one of the largest exchanges in the world usually attracts public attention and generates significant price increases, driven by the potential liquidity and greater exposure of the cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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